(Bloomberg) — The Securities and Exchange Commission is delaying a plan to provide broad exemptions for US crypto firms to trade tokenized assets linked to stocks, according to people familiar with the matter.
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The SEC’s staff was preparing to release its so-called innovation exemption for tokenized stocks as soon as this week, according to the people, who asked not to be named while discussing the commission’s business. A draft of the plan had been prepared and reviewed by staff.
But the timing has since been pushed back as the SEC weighs input from stock-exchange officials and other market participants who’ve held discussion with agency staff in the past few days to learn details of the…
